SLS Launches Foreign Corrupt Practices Act Clearinghouse

Stanford Law School has launched a new public database that provides documents, resources, and analytic tools designed to foster awareness of the fight against global corruption. This database, called the Foreign Corrupt Practices Act Clearinghouse (FCPAC), was spearheaded by SLS Professor Joseph A. Grundfest in collaboration with Sullivan & Cromwell LLP.

“Corruption is a pervasive and growing problem,” says Grundfest, JD ’78, W.A. Franke Professor of Law and Business and principal investigator for the FCPAC. “Companies facing FCPA exposure will benefit greatly from the detailed insight available through the clearinghouse. So, too, will policymakers and enforcement agencies battling to contain the spread of bribery in international commercial relations.”

The FCPAC is a free, comprehensive database of enforcement actions and information related to the Foreign Corrupt Practices Act (FCPA). It allows users to search and sort data about enforcement actions, view original documents, access relevant laws and precedent, and read articles about FCPA compliance and enforcement.

The FCPA has to date generated more than 400 enforcement actions by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), implicating transactions in more than 100 countries. The database is a public service provided through the Arthur and Toni Rembe Rock Center for Corporate Governance.